Here’s a nifty trick: Each year Americans spend more than $33 billion on often outrageous bank fees. Those banks then take about $100 million of that and spend it on lobbying and campaign contributions to, among other things, try to stop efforts to reign in – you guessed it – outrageous bank fees. See how this works?
This means that every time you pay a monthly maintenance fee or an ATM fee, a portion of that money – your money – is then being used to lobby for permission to charge you higher fees or even to take down the signs on ATMs warning you of the fees in the first place.
That’s probably not where you want your money to go.
Aspiration has a different idea. When you bank using the Aspiration Summit Account, not only do you get an interest rate up to 100 times higher than that from the Big Banks, but there are none of the monthly maintenance fees or ATM fees.*
Whatever money Aspiration makes comes from “tips” you decide to pay us. And instead of turning around and spending that money lobbying against your interests, we donate a dime of every dollar we’re paid to microloans helping Americans lift themselves out of poverty.
So, where would you rather keep your money?
*ATM surcharge rebates apply to cash withdrawals using the Radius Debit Card wherever it is accepted. Radius Bank makes its best effort to identify those ATM fees eligible for rebate. In the event that you have not received a rebate for a fee you believe is eligible, please contact Customer Service at 800.683.8529. ATM fees will be rebated at the end of each statement cycle. Radius Bank reserves the right to modify or discontinue the ATM surcharge rebate at any time.